Mortgage | refinancing

Hundreds of residents in Sumpter and Van Buren Township were rocked recently by the news that the Federal Emergency Management Agency had re-drawn its floodplain maps for the townships, a change that put many residents at risk of having to purchase flood insurance for their homes for the first time. Depending on the type of insurance, the annual premium was said to be as high as $2,000.How did    .. more …

Hundreds of residents in Sumpter and Van Buren Township were rocked recently by the news that the Federal Emergency Management Agency had re-drawn its floodplain maps for the townships, a change that put many residents at risk of having to purchase flood insurance for their homes for the first time. Depending on the type of insurance, the annual premium was said to be as high as $2,000.How did    .. more …

Some answers to mortgage-related questions from readers: Q: Ruth M. asks, “My daughter, who is going through foreclosure, asked a good question: Why, when she and her husband had been required to pay for private mortgage insurance as part of their loan conditions, doesn’t that cover their default? Are the banks getting both the insurance benefit and the properties?” A: Banks typically require    .. more …

Romspen demonstrates strong absolute returns as well as substantial outperformance compared to major benchmarksTORONTO, May 2, 2012 /CNW/ – Romspen Mortgage Investment Fund, a leading non-bank mortgage lender specializing in commercial and industrial real estate, released its financial statements for the year ended December 31, 2011 today. In a year marked by crisis conditions in Europe and global    .. more …

SEATTLE–(BUSINESS WIRE)– Seattle Mortgage Company, a subsidiary of Seattle Bank, announced this month that Mark Palmer has joined the company as Vice President of Mortgage Production. He comes to Seattle Mortgage Company with a wealth of industry experience, and joins a dedicated new management team. “Bringing Mark on board is one of the steps we’ve taken to start growing Seattle Mortgage    .. more …

By Rick Rothacker (Reuters) – Wells Fargo Co made a record 33.9 percent of U.S. mortgage loans in the first quarter, as rivals such as Bank of America Corp continued to pull back in the home lending market.Wells Fargo’s loan volume more than tripled the 10.6 percent market share of its nearest rival, JPMorgan Chase Co, as it increased its dominance in the industry, according to a report released    .. more …

Mortgage loans are forever difficult to pay off especially during these tough financial times. The pressure of facing foreclosure can be so intense that some bread winners just choose to take their own lives. However, if you already have a noose tied around your neck you had better cut it off and do your research about mortgage principal reduction. A lot of banks are implementing this and you too    .. more …

More than one million UK homeowners have seen the cost of their mortgage payments jump as lenders, including two state-backed banks, raise borrowing costs.Halifax, the Co-operative Bank , Clydesdale Bank and Yorkshire Bank are all raising their standard variable rate (SVR), the amount charged by lenders when borrowers come off a fixed-rate deal, from the beginning of May. Halifax , which is owned    .. more …

PASADENA, Calif., April 30, 2012 /PRNewswire/ –Western Asset Mortgage Capital Corporation today announced that it plans to conduct an initial public offering of 8,000,000 shares of its common stock. The underwriters of the offering will have a 30-day option to purchase an additional 1,200,000 shares of common stock from the Company at the initial public offering price to cover over-allotments, if    .. more …

The chances of anyone travelling down Ariya Gowda Road in West Mambalam, and stopping to wonder about the identity of the man who gave the thoroughfare its name, are slim. For when you are on Ariya Gowda Road, you are focused on getting out of the road alive, given its traffic. He was not Ariya Gowda. He was HB Ari Gowder, a great visionary and leader of the Badaga community of the Nilgiris. And    .. more …